Word: meyers
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...Meyer is just the second president of the Harvard Management Company, having succeeded Walter M. Cabot ’55, who served from the firm’s founding in 1974 through 1990, just as Harvard’s investment returns began to slide...
After weathering an initially bumpy start at the firm’s helm, which then-University President Neil L. Rudenstine said in 1992 was the result of “enlightened stupidity,” Meyer has clearly found his groove. Over the past 10 years, his average rate of return has been a staggering 15.9 percent...
...Meyer is not a portfolio manager. “My primary job is to find the right people and put them in the right spot,” he says...
...Meyer is currently in search of the right person to place in the spot vacated this summer by Jeffrey B. Larson, who managed foreign equities for the University. In the interim, a conspicuous cluster of desks on the trading floor, where Larson and his staff of 14 used to work, lies empty in their absence. Larson left the management company this summer to start his own hedge fund, Sowood Capital, backed in part by Harvard’s money...
Meyer—who has two children, Justus S. Meyer ’05 and Halsey R. Meyer ’07, at the College—says his job has changed gradually in his 14 years at the management company...